Potter Anderson & Corroon, led by partners Mark A. Morton and John F. Grossbauer and associate Cara M. Grisin, represented a committee of independent directors of BJ’s Wholesale Club, Inc., in connection with the company’s agreement to be sold to Leonard Green & Partners, L.P. and CVC Capital Partners. Under the terms of the agreement, BJ's shareholders will receive $51.25 per share in cash for each share of BJ's common stock they hold. The all-cash transaction values the company at approximately $2.8 billion and is expected to close later this year.